About This Fund
ICICI Venture IVen Amplifi Fund is an early-growth stage alternative investment fund (AIF Category II) managed by ICICI Venture Funds Management Company Limited, the private equity and alternative assets arm of ICICI Bank, one of India's largest private sector banks. Registered with SEBI as IN/AIF2/23-24/1341 and launched in 2023, the IVen Amplifi Fund marks ICICI Venture's strategic return to the Indian venture and early-growth capital segment, targeting technology-led businesses immediately after their Series A or at the early Series B stage. The fund is co-headed by Sharad Malpani, a director at ICICI Venture, and operates from the firm's offices at ICICI Venture House in Mumbai, India.
The fund's investment mandate is sector agnostic within India's high-growth digital economy, with a primary focus on the financial technology (fintech), consumer technology (consumer-tech), and enterprise software (enterprise) verticals. IVen Amplifi targets companies that have achieved initial product-market fit and are ready to scale operations, customer acquisition, and geographic reach within India and potentially across Southeast Asian markets. Investment sizing and deal structure are calibrated to support growth-stage milestones including Series A to B transitions, team expansion, and platform development, with active value-add support from ICICI Venture's extensive network of corporate relationships and institutional investors.
The IVen Amplifi Fund represents the continuation of ICICI Venture's four-decade history as India's leading private capital manager, having managed over INR 15,000 crore across private equity, real estate, and infrastructure strategies. Notable early investments from the IVen Amplifi Fund include Innovist (D2C consumer brands, INR 136 crore round) and Unbox Robotics (warehouse automation, USD 28 million Series B). Effective April 1, 2026, management of the IVen Amplifi Fund was transferred to ICICI Prudential Asset Management Company Limited following SEBI regulatory approval, reflecting a strategic reorganisation of ICICI Group's asset management operations.